The market is expected to increase at CAGR of 13.12% during the forecast period 2022-2027
BIS Research, the global leader in providing market intelligence on deep technologies, has released its latest study titled Precision Agriculture Market – A Global and Regional Analysis.
According to this study, the global precision agriculture market was valued at $7.89 billion in 2022 and is projected to reach $14.61 billion by 2027.
The following factors are responsible for the increase in demand for precision agriculture:
The detailed study is a compilation of 414 market data tables and 46 figures spread through 477 pages.
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Analyst’s Take on the Market Projection
According to Debraj Chakraborty, Principal Analyst, BIS Research, “Precision agriculture technologies have seen rapid growth in adoption worldwide in recent years, with developed nations such as Canada, Australia, Europe, and the U.S leading the way due to their access to advanced resources and technology. In fact, large-scale farmers in the U.S. have adopted precision agriculture technologies at a rate of approximately 70%. However, developing countries have been slower to adopt these technologies due to reasons such as inadequate infrastructure, resources, and education. Nonetheless, some countries such as Brazil and Argentina have made notable strides in the adoption of precision agriculture technologies.”
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Major Existing Industry Leaders in the Precision Agriculture Market
The companies that are profiled have been selected based on input gathered from primary experts and analyzing company coverage, product portfolio, and market penetration. Some of the established names in the market are:
Recent Developments in the Global Precision Agriculture Market
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Exclusive DeepTech™ MAP on Agriculture by BIS Research:
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About BIS Research:
BIS Research is a global B2B market intelligence and advisory firm focusing on deep technology and related emerging trends which can disrupt the market dynamics in the near future. We publish more than 200 market intelligence studies annually that focus on several deep technology verticals.
Our strategic market analysis emphasizes on market estimations, technology analysis, emerging high-growth applications, deeply segmented granular country-level market data, and other important market parameters useful in the strategic decision-making for senior management.
BIS Research offers syndicate as well as custom studies and expert consultations to firms, providing them with specific and actionable insights on novel technology markets, business models, and competitive landscapes.
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